Answer: None of the above
Explanation:
Plant assets are those assets that a business uses in its operations and that are expected to have a useful life of more than a year. Plant assets are also called Fixed assets.
Land, machinery and equipment are all plant assets as they have a useful life of more than a year and are used in the operations of the business.
The profit-maximizing price and combined quantity of output is indicated in the demand curve by using a black point (plus symbol).
<h3>What is a cartel?</h3>
A cartel can be defined as a formal agreement between two or more business firms (producers) of a particular product or service, that's formed to control production, sales and pricing in an oligopolistic industry.
At equilibrium in a cartel, marginal revenue is equal to marginal cost (MR = MC). Thus, the profit-maximizing price and combined quantity of output should be calculated from the demand curve as illustrated in the image attached below.
Read more on cartel here: brainly.com/question/15294015
#SPJ1
<u>Complete Question:</u>
Mays and McCovey are beer-brewing companies that operate in a duopoly (two-firm oligopoly). The daily marginal cost (MC) of producing a can of beer is constant and equals $0.40 per can. Assume that neither firm had any startup costs, so marginal cost equals average total cost (ATC) for each firm.
Suppose that Mays and McCovey form a cartel, and the firms divide the output evenly. (Note: This is only for convenience; nothing in this model requires that the two companies must equally share the output.)
Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price and combined quantity of output if Mays and McCovey choose to work together.
Answer:
Cyclical unemployment
Explanation:
The process of this happening is known as Cyclical unemployment. This is something that is common in every country around the world and tends to happen due to many reasons. Each countries economic cycle is different and follows different ranges. The United States Economic Cycle tends to happen roughly every 8 years, although this is not 100% guaranteed. When it does happen Stock Markets tend to crash which is what causes a chain reaction that leads to unemployment rises and businesses producing less and less as there is less consumer spending.
Focusing only on one differentiating feature is a flawed way to pursue competitive efforts that will differentiate a business.
<h3 /><h3>How is differentiation effective?</h3>
Differentiation is a competitive advantage that occurs through market segmentation, the positioning of the company and its products and services. Must meet the criteria:
- Importance
- Spotlight
- Exclusivity
- Accessibility
- Superiority
- Profitability
Therefore, a company that wants to differentiate itself from its competitors must focus on several resources that help change the consumer's perception of differentiation.
Find out more about competitive advantage here:
brainly.com/question/26514848
Answer:
A) This is called piercing the corporate veil and may result in significant liability for the corporation's principals.
Explanation:
The phrase "Piercing the corporate veil" is used to describe a situation where a court will put aside limited liability and hold a corporation's shareholders or directors liable for the actions and liabilities of the corporation.
This is not a common procedure and courts usually do this based on the following:
- "unity of interest and ownership": interest of the shareholders doesn't stand together anymore.
- "wrongful conduct": illegal or wrongful actions by the directors or shareholders.
- "proximate cause": as a result of the illegal or wrongful actions, other parties were harmed.